Coinbase Teams Up with Integral for Advanced Accounting Solutions

Coinbase has entered into a partnership with Integral. Thanks to this partnership and an investment from Coinbase Ventures, Coinbase Prime clients are set to benefit from pioneering accounting solutions. The focus of these solutions is digital assets, irrespective of whether they are stored inside or outside Coinbase.

Integral’s suite of tools and solutions provides a bird’s eye view for financial experts. Whether you’re an accountant, a controller, or a fund administrator, with Integral, you can view all your digital assets at a glance. The platform simplifies essential tasks such as reporting, record-keeping, and other accounting workflows.

Shan Aggarwal, the Vice President and Head of Corporate Development and Ventures at Coinbase, voiced his support. He remarked:

“Integral’s platform streamlines crypto accounting and treasury management, resolving a major headache for institutions and businesses that interact with crypto assets. We are thrilled to invest and collaborate with Integral in offering these services to Coinbase Prime clients.”

Integral’s CEO, Gui Laliberté, touched on the challenges businesses face with blockchain. He mentioned:

“Blockchain is a breakthrough for enhancing trust in financial systems, but the increased accounting and compliance complexity makes it hard for businesses to adopt blockchain with confidence.” He added, “This funding and collaboration positions Integral to solve increasingly complex accounting problems for businesses. We’re grateful that Coinbase shares our vision to create a better, high-trust financial system.”

It’s clear that handling web3 financial processes remains a hurdle for most financial professionals. The outdated reliance on spreadsheets and manual approaches fails to keep up with the growing demands of the digital age. Integral’s platform is a game-changer. It offers a systematic and scalable solution to digital asset accounting, making tasks easier for assets both inside and outside of Coinbase.

With the fresh infusion of funds, Integral has big plans. They aim to give Prime clients exhaustive data coverage for all their assets. Beyond that, they are exploring added solutions like automations for accounts payable and receivable, aimed at bolstering web3 business operations.